ConnectOne Bancorp Q2 FY26 net income rises 10.7% to $41.67 million quarter-on-quarter
CNOB•Management commentary
CEO Frank Sorrentino highlighted annualized sequential loan growth of about 5% and core deposit growth of about 8%, citing planned tech-driven productivity gains.
Quarterly profit and EPS
ConnectOne Bancorp posted Q2 2026 net income available to common stockholders of $40.2 million, swinging from a $21.8 million loss a year earlier.
Diluted EPS was $0.80.
Credit losses and charge-offs
Provision for credit losses increased to $8.3 million from $5.2 million in Q1 on a $13.8 million charge-off tied to NYC rent-stabilized multifamily loans.
Net interest income and margin
Fully taxable equivalent net interest income rose 4.4% sequentially to $114.8 million, driven by loan repricing and higher average interest-earning assets.
Net interest margin widened to 3.42% from in Q1.
